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THC

Tenet

$16.24

-0.91 (-5.31%)

, HCA

HCA Holdings

$78.94

0.18 (0.23%)

07:50
09/14/17
09/14
07:50
09/14/17
07:50

Tenet unlikely to be acquired, says RBC Capital

After The Wall Street Journal reported that Tenet (THC) hired advisors to purse strategic options, RBC Capital analyst Frank Morgan says that all of Tenet probably won't be acquired, given its "significant" debt levels. He says that the company's ambulatory unit is the most likely part of the company to be sold or spun off. The analyst says that HCA (HCA) could be "interested" in some of Tenet's markets, but he does not believe that it wants to buy all of Tenet's hospitals. The analyst does not expect any deals made by Tenet to cause its share price to increase unless it manages to sell its hospitals for rates above their current market value. Morgan keeps a Sector Perform rating on the stock.

THC

Tenet

$16.24

-0.91 (-5.31%)

HCA

HCA Holdings

$78.94

0.18 (0.23%)

  • 02

    Oct

THC Tenet
$16.24

-0.91 (-5.31%)

09/01/17
MSCO
09/01/17
NO CHANGE
Target $15
MSCO
Equal Weight
Tenet turnaround may take several quarters to take root, says Morgan Stanley
Morgan Stanley analyst Zack Sopcak said Tenet's search for a new CEO and board changes are likely to drive short-term share gains, but he remains on the sidelines, citing the stock's 36% run-up in the two weeks prior to last night's announcement and his belief that it could be several quarters before a turnaround takes root. Sopcak keeps an Equal Weight rating and $15 price target on Tenet shares.
09/06/17
CANT
09/06/17
NO CHANGE
CANT
Overweight
Irma threat a risk for HCA, public hospital peers, says Cantor
Cantor Fitzgerald analyst Joseph France noted that HCA Holdings (HCA), Community Health (CYH), LifePoint (LPNT), Tenet (THC) and Envision Healthcare (EVHC) all have business in Florida and Texas and are all down today on the potential threat from Hurricane Irma and the impact from Hurricane Harvey last week. HCA reports nearly half of its beds are in Florida and Texas while Envision has said in the past that more than half of its anesthesia business and about half of its legacy ER business is in those two states, noted France, who adds that Community Health, LifePoint and Tenet are less exposed to those states. The analyst keeps an Overweight rating on HCA shares.
09/14/17
SBSH
09/14/17
NO CHANGE
Target $16
SBSH
Neutral
Citi would be 'somewhat surprised' at outright sale of Tenet
Citi analyst Ralph Giacobbe is not dismissing the idea of a sale after the Wall Street Journal reported last night that Tenet Healthcare is exploring strategic alternatives. The analyst, however, would be "somewhat surprised" if Tenet is sold outright given the current operating backdrop as well as the company's high leverage and higher relative valuation. Further, the analyst does not believe there is "appetite" from the publicly traded hospitals to do a deal and he also sees little private equity interest. Giacobbe wouldn't be surprised if Tenet has already attempted to engage the managed care organizations, which he sees as unlikely buyers. Tenet's high short interest is likely to drive the stock higher, but it is difficult to chase the Tenet on the rally driven by headlines, Giacobbe concludes in a research note partially titled "The Challenge May Be Finding a Buyer." He keeps a Neutral rating on Tenet with a $16 price target.
09/14/17
DBAB
09/14/17
NO CHANGE
Target $24
DBAB
Buy
Deutsche sees wide range of potential takeout values for Tenet
Deutsche Bank analyst Chris Rigg believes Tenet Healthcare's (THC) leverage makes for an "extremely wide" range of potential buyout prices. After the Wall Street Journal reported that the company is exploring strategic options including a possible sale, Rigg pegs $21-$41 per share as the potential buyout range. Also difficult is determining who would actually be interested and capable of buying Tenet, Rigg tells investors in a research note. HCA Holdings (HCA) has the financial wherewithal to do a deal, but the companies have significant overlap which could bring antitrust issues, the analyst contends. He sees private equity or an existing private equity-backed hospital chain as making more sense. Rigg has a Buy rating on Tenet with a $24 price target.
HCA HCA Holdings
$78.94

0.18 (0.23%)

08/22/17
JPMS
08/22/17
NO CHANGE
JPMS
Neutral
Tenet 'short squeeze' shouldn't be chased, says JPMorgan
JPMorgan analyst Gary Taylor attributes Tenet's (THC) 32% advance over the last two sessions to a combination of several factors - a "short squeeze" due to fears of more activist activity; the timing of the announcement of Glenview Capital's resignation of two board seats and intention to "evaluate other avenues to be a constructive owner" during the thinly-traded final half of August; and competitors' Sum-of-the-Parts valuations that he deems "unreasonable." Taylor, who believes HCA Holdings (HCA) and other local systems will continue to have interest in certain Tenet hospitals, but is "somewhat skeptical that HCA would consider an outright purchase," would not be chasing the short squeeze and keeps a Neutral rating on Tenet shares.
08/28/17
JEFF
08/28/17
NO CHANGE
JEFF
Buy
HCA has 11% of its beds in Harvey impacted areas, says Jefferies
Jefferies analyst Brian Tanquilut points out that HCA Holdings (HCA) has 11% of its beds in areas impacted by severe weather from Hurricane Harvey. The analyst expects the hurricane to cause a "notable disruption," specifically for hospitals, physician offices, surgery centers, and labs. Investors are likely to take a long-term view of Hurricane Harvey, however, as it is a one-time issue and thus excluded from operating and financial results, Tanquilut tells investors in a research note. He sees both Tenet (THC) and Community Health (CYH) being minimally impacted from the storm. Envision Healthcare's (EVHC) AmSurg segment has three ambulatory surgery centers in the impacted markets, while Surgery Partners (SGRY) has only one facility in Houston, the analyst adds.

TODAY'S FREE FLY STORIES

TGNA

Tegna

$12.38

0.14 (1.14%)

16:54
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Tegna board authorizes new $300M share repurchase program »

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  • 27

    Sep

ADBE

Adobe

$156.60

0.83 (0.53%)

16:51
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Technical Analysis
Technical View: Adobe slips after earnings and outlook »

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  • 19

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  • 22

    Oct

BBBY

Bed Bath & Beyond

$27.03

-0.27 (-0.99%)

16:50
09/19/17
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16:50
Technical Analysis
Technical View: Bed Bath & Beyond tumbles after earnings miss expectations »

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  • 19

    Sep

ADBE

Adobe

$156.60

0.83 (0.53%)

16:48
09/19/17
09/19
16:48
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16:48
Earnings
Adobe sees Q4 adjusted EPS of about $1.15, consensus $1.10 »

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  • 19

    Sep

  • 22

    Oct

VNO

Vornado

$73.37

-1.19 (-1.60%)

16:48
09/19/17
09/19
16:48
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16:48
Hot Stocks
Vornado provides information regarding its investment in Toys 'R Us »

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ORIG

Ocean Rig UDW

$0.16

-0.0083 (-4.90%)

16:47
09/19/17
09/19
16:47
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16:47
Hot Stocks
Ocean Rig UDW announces 1-for-9,200 reverse stock split »

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AXAR

Axar Acquisition Corp

16:45
09/19/17
09/19
16:45
09/19/17
16:45
Hot Stocks
Axar Acquisition announces redemption of outstanding shares and dissolution »

Axar Acquisition…

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BBBY

Bed Bath & Beyond

$27.03

-0.27 (-0.99%)

16:44
09/19/17
09/19
16:44
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16:44
Hot Stocks
Breaking Hot Stocks news story on Bed Bath & Beyond »

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  • 19

    Sep

BBU

Brookfield Business Partners

$31.08

0.08 (0.26%)

, BAM

Brookfield

$40.14

0.02 (0.05%)

16:40
09/19/17
09/19
16:40
09/19/17
16:40
Syndicate
Brookfield Business Partners announces $600M equity offering »

Brookfield Business…

BBU

Brookfield Business Partners

$31.08

0.08 (0.26%)

BAM

Brookfield

$40.14

0.02 (0.05%)

03/08/13
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MXWL

Maxwell

$6.29

-0.24 (-3.68%)

16:40
09/19/17
09/19
16:40
09/19/17
16:40
Syndicate
Maxwell files to sell $50M of convertible senior notes due 2022 »

Maxwell Technologies…

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IOVA

Iovance Biotherapeutics

$8.55

0.3 (3.64%)

16:38
09/19/17
09/19
16:38
09/19/17
16:38
Syndicate
Iovance Biotherapeutics files to sell $50M of common stock »

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  • 25

    Sep

FB

Facebook

$172.52

2.51 (1.48%)

16:37
09/19/17
09/19
16:37
09/19/17
16:37
Periodicals
Facebook public hearing will happen according to Senator Burr, Bloomberg says »

According to Bloomberg,…

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  • 22

    Oct

ELS

Equity Lifestyle

$87.87

-0.23 (-0.26%)

16:35
09/19/17
09/19
16:35
09/19/17
16:35
Hot Stocks
Equity Lifestyle provides update on Hurricane Irma impact, reaffirms guidance »

Equity LifeStyle…

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  • 17

    Oct

  • 30

    Jan

BBBY

Bed Bath & Beyond

$27.03

-0.27 (-0.99%)

16:35
09/19/17
09/19
16:35
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16:35
Hot Stocks
Breaking Hot Stocks news story on Bed Bath & Beyond »

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  • 19

    Sep

MXWL

Maxwell

$6.29

-0.24 (-3.68%)

16:34
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16:34
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16:34
Hot Stocks
Maxwell enters into Amended and Restated Agreement with Viex »

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MRCY

Mercury Systems

$48.29

0.84 (1.77%)

16:33
09/19/17
09/19
16:33
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Hot Stocks
Mercury Systems receives $3.8M order for advanced electronic warfare application »

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HF

HFF Inc.

$37.12

0.12 (0.32%)

16:30
09/19/17
09/19
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Hot Stocks
HFF Inc. announces sale of office in Raleigh-Durham, NC for $105.5M »

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16:30
09/19/17
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16:30
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Options
Preliminary option volume of 13.8M today »

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RYAM

Rayonier Advanced Materials

16:30
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Rayonier Advanced Materials estimates impact from Hurricane Irma »

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ALOG

Analogic

$75.95

-1.35 (-1.75%)

16:28
09/19/17
09/19
16:28
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Earnings
Analogic sees FY18 EPS $2.70 to $2.90, two estimates consensus $2.80 »

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  • 19

    Sep

AMZN

Amazon.com

$969.86

-4.33 (-0.44%)

, TMUS

T-Mobile

$65.42

3.62 (5.86%)

16:28
09/19/17
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16:28
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General news
On The Fly: Top stock stories for Tuesday »

Stocks searched for a…

AMZN

Amazon.com

$969.86

-4.33 (-0.44%)

TMUS

T-Mobile

$65.42

3.62 (5.86%)

S

Sprint

$8.20

0.52 (6.77%)

VZ

Verizon

$49.34

1.25 (2.60%)

SFTBF

SoftBank

$82.75

4.45 (5.68%)

DTEGY

Deutsche Telekom

$18.75

0.68 (3.76%)

BOBE

Bob Evans

$77.41

4.48 (6.14%)

POST

Post Holdings

$86.36

0.52 (0.61%)

RAD

Rite Aid

$2.40

-0.33 (-12.09%)

WBA

Walgreens Boots Alliance

$81.21

-1.39 (-1.68%)

KSS

Kohl's

$45.38

0.49 (1.09%)

AZO

AutoZone

$535.19

-28.21 (-5.01%)

SNCR

Synchronoss

$9.82

-6.93 (-41.37%)

REV

Revlon

$17.05

1.05 (6.56%)

BBY

Best Buy

$52.76

-4.59 (-8.00%)

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  • 19

    Sep

  • 19

    Sep

  • 19

    Sep

  • 21

    Sep

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    Sep

  • 27

    Sep

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    Sep

  • 02

    Oct

  • 19

    Oct

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    Oct

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    Oct

  • 09

    Nov

  • 16

    May

FDX

FedEx

$216.00

0.92 (0.43%)

16:26
09/19/17
09/19
16:26
09/19/17
16:26
Earnings
FedEx sees FY18 ex-items EPS $12.00-$12.80, consensus $13.38 »

The company is lowering…

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  • 19

    Sep

  • 21

    Sep

  • 25

    Sep

CSTM

Constellium

$10.00

0.4 (4.17%)

16:26
09/19/17
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16:26
Hot Stocks
Constellium signs contract with Pilatus to support jet aircraft program »

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  • 19

    Sep

  • 02

    Oct

GEMP

Gemphire Therapeutics

$9.65

0.54 (5.93%)

16:25
09/19/17
09/19
16:25
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16:25
Conference/Events
Gemphire Therapeutics to hold a conference call »

Management discusses…

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  • 19

    Sep

  • 25

    Sep

SERV

ServiceMaster

$47.06

0.1 (0.21%)

16:23
09/19/17
09/19
16:23
09/19/17
16:23
Initiation
ServiceMaster initiated  »

ServiceMaster initiated…

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